Ramada by Wyndham - Angola, IN

  • Property Name Ramada by Wyndham
  • Asking Price $3,500,000
  • Units 113
  • Location Angola, IN

About This Property

  • 113 Units
  • Motivated Seller - Offers Encouraged
  • Interior Corridors
  • Located on Interstate 69, midway between Chicago and Cleveland
  • Trailing Twelve Month Revenue through June 2022: $1,224,309
  • Profitable with Absentee Ownership
  • Net Income of $402,000 in 2021
  • New Owner's PIP Available for Ramada, Red Roof, or Choice Dual Brand Econo Lodge & Suburban Extended Stay
  • 5.39 (+/-) Acre Lot, Directly Next Door to Popular Restaurant and EV Charging Station

The Ramada in Angola, IN is a profitable 113-unit, interior corridor hotel located in Northeast Indiana.

The hotel is located on Interstate 69, just south of Interstate 90, midway between Chicago and Cleveland. It is nearby to Pokagon State Park, one of the larger parks in Indiana. The hotel is also close by to the many highly visited lakes in the region, including Lake James, Snow Lake, and Jimmerson Lake. The hotel is also next door to 6 Autumns Food & Spirits, one of the city's best restaurants and bars. Also nearby are the Outlet Shoppes at Fremont, Angola Motor Speedway, and Trine University. A Tesla charging station is located at the popular restaurant next door to the hotel.

Revenues at the hotel have been performed well despite absentee ownership and upside opportunity. The hotel features several meeting rooms..

This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.

The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.

By checking the below box and viewing this property, you agree that:

  1. The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
  2. The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
  3. All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.

This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.